Law Offices of Todd M. Garber Announces Investigation of Universal Technical Institute, Inc.
The Law Offices of Todd M. Garber announces that it is investigating potential claims against Universal Technical Institute, Inc. (“UTI” or the “Company”) (NYSE: UTI) concerning possible violations of federal securities laws.
UTI provides postsecondary education, including undergraduate degree, diploma and certificate programs, through its campuses in the United States. The investigation is related to allegations that certain statements issued by UTI were false and misleading concerning the Company's business and operations.
Specifically, the investigation is related to the Company's announcement in a Form 10-K, filed November 28, 2012 with the Securities and Exchange Commission, which disclosed a Civil Investigative Demand it received from the Attorney General of the Commonwealth of Massachusetts, related to a pending investigation in connection with allegations that the Company caused false claims to be submitted to the Commonwealth relating to student loans, guarantees and grants provided to students at UTI's Norwood, Massachusetts, campus. UTI received the Civil Investigative Demand in September 2012. According the Company, it required UTI to produce documents and provide written testimony concerning a broad range of its business since September 2006 to the present.
The Form 10-K further disclosed that in October 2012 the Accrediting Commission of Career Schools and Colleges requested certain documentation related to a preliminary investigation by the United States Department of Justice concerning claims pursuant to the Federal False Claims Act, and that the Company was not able to provide the information requested.
If you purchased UTI securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
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Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California